BML Wealth Marketing, Author at BML Wealth Management

31 01, 2021

Concerned About Taxes On Your Retirement Account?
Concerned About Taxes On Your Retirement Account?

Concerned About Taxes On Your Retirement Account?

BML Wealth Marketing2021-02-05T09:05:45-08:00January 31, 2021|Retirement Planning, Tax Planning|

You might expect your tax burden to decrease in retirement – after all, you’re no longer receiving a paycheck that incurs income tax, the payroll tax, and Medicare tax. However, your income in retirement could be significant, between investment income, rental properties, pensions, Social Security, and retirement account withdrawals. Starting at age 72, you likely must take Required Minimum Distributions (RMDs) from your traditional retirement accounts, which could potentially increase your taxable income. And considering the mounting national debt and a new president who has proposed several tax-increasing policies, you might be concerned about taxes [...]

29 01, 2021

Queen Elizabeth’s Best Practices
Queen Elizabeth’s Best Practices

Queen Elizabeth’s Best Practices

BML Wealth Marketing2021-02-02T18:07:03-08:00January 29, 2021|Lifestyle|

At almost 95 years old, Queen Elizabeth II works a full week and carries out more public engagements than many of the younger royals.[1] How does she maintain her energy in her old age and manage to accomplish so much? Being royalty doesn’t make you super-human, but maybe her lifestyle holds some answers. Here are 3 of Queen Elizabeth’s best practices. A Routine The Queen has a set morning ritual of waking up at 7:30 am to a pot of Earl Grey tea and taking a bath. After getting ready, she has breakfast, usually [...]

25 01, 2021

3 Reasons to Review Your Tax Strategy
3 Reasons to Review Your Tax Strategy

3 Reasons to Review Your Tax Strategy

BML Wealth Marketing2021-02-02T18:07:08-08:00January 25, 2021|Tax Planning, Taxes|

Now that President Biden has been sworn in and the Senate is evenly split between Republicans and Democrats, it’s time to consider what tax policy changes could be coming. President Biden and Vice President Harris proposed several tax-increasing measures on the campaign trail, and it’s important to consider how they could affect you. Here are 3 reasons to review your tax strategy. Social Security Base and Income Tax Rates May Increase Right now, only earnings of up to $142,800 incur the Social Security payroll tax. President Biden has proposed also imposing it on earnings of [...]

22 01, 2021

3 At Home Work-Outs
3 At Home Work-Outs

3 At Home Work-Outs

BML Wealth Marketing2021-02-02T18:07:15-08:00January 22, 2021|Health and Wellness, Lifestyle|

You don’t necessarily have to spend a fortune to create a home gym if your gym is closed. We might think it’s too late to get back into shape by the time we’re retired or pointless to carve out time for physical activity, but this isn’t true. Incorporating more physical activity into your day could be a good way to spend your free time in retirement or during the coronavirus shutdown. For starters, regular exercise could help you stay active for longer and combat heart disease, diabetes, and high blood pressure.[1] Exercise may even help [...]

17 01, 2021

3 Retirement Challenges You Can Plan For
3 Retirement Challenges You Can Plan For

3 Retirement Challenges You Can Plan For

BML Wealth Marketing2021-02-02T18:07:21-08:00January 17, 2021|Retirement Planning|

No matter where you are in your retirement journey, a financial advisor may be able to provide you with potentially valuable information and advice. A comprehensive retirement plan tailored specifically to your situation could have a major impact on your retirement: It may help you avoid common retirement pitfalls and mitigate risks. Here are 3 potential retirement challenges you can plan for. Longevity While a longer life is certainly a blessing, with it comes the risk of outliving your money. Considering the often expensive healthcare costs in old age, the staggering cost of long-term care [...]

15 01, 2021

Create Your Own Blue Zone in 2021
Create Your Own Blue Zone in 2021

Create Your Own Blue Zone in 2021

BML Wealth Marketing2021-02-02T18:07:28-08:00January 15, 2021|Health and Wellness, Lifestyle|

Did you know that there are places in the world where there is an unusually high number of people living into their 90’s and even 100’s? These populations are known for maintaining good health well into old age and are called “blue zones.” It’s not that they have special technologies, or the best doctors, or special genes – it's thought to be their lifestyle. "Blue Zones" are found all around the world. The Italian island of Sardinia, Okinawa in Japan, and Loma Linda in California were the first to be identified. You don’t have to [...]

11 01, 2021

What’s In Store For Us in 2021?
What’s In Store For Us in 2021?

What’s In Store For Us in 2021?

BML Wealth Marketing2021-02-02T18:07:33-08:00January 11, 2021|Economy, Financial Planning|

We’re all looking forward to the new year more than usual. Even though COVID will remain in 2021, the changing of the calendar can bring about a new mindset and optimism. But before we forget all about 2020, let’s look at the latest COVID relief bill, which includes more stimulus checks and some changes that could affect Medicare beneficiaries. After an eventful 2020, let’s look at what's in store for us in 2021. Another COVID Relief Bill President Trump signed the $1.4 trillion spending bill and accompanying $900 billion stimulus package. In doing so, he [...]

7 01, 2021

The Retirement Fingerprint – January/February 2021
The Retirement Fingerprint – January/February 2021

The Retirement Fingerprint – January/February 2021

BML Wealth Marketing2021-10-04T11:12:13-07:00January 7, 2021|Newsletters|

According to a market analyst at BofA Securities, the COVID-19 pandemic is not just a temporary crisis. It is expected to permanently reshape societies, markets and politics throughout the world.

4 01, 2021

Ready to Retire in 2021? Ask Yourself These 3 Questions
Ready to Retire in 2021? Ask Yourself These 3 Questions

Ready to Retire in 2021? Ask Yourself These 3 Questions

BML Wealth Marketing2021-01-04T12:28:52-08:00January 4, 2021|Financial Planning, Retirement Planning|

Will 2021 be your retirement year? And how do you know when it’s time to retire? For some, retirement comes at a milestone. Maybe it’s 35 years on the job or your 65th birthday, or maybe your goal is to retire when you have a certain amount in savings. Retirement is different for everyone, and it’s a big decision to make. You might not be ready on your 65th birthday, or maybe you’ll be ready before that. Either way, take the time to decide if you will retire in 2021 by answering these three questions. [...]

1 01, 2021

What’s Your New Year’s Resolution?
What’s Your New Year’s Resolution?

What’s Your New Year’s Resolution?

BML Wealth Marketing2021-01-01T14:09:11-08:00January 1, 2021|Lifestyle|

Many make them, and few keep them. New Year’s resolutions can be a great way to trade in bad habits for good ones but can also feel more like a burden than a blessing. Some people take on too grand a goal to realistically keep up with through the year. Others may struggle to think of anything at all. No matter what camp you’re in, there are some goals everyone should have on their list. So, what’s your New Year’s resolution? Spend More Time Outside Spending time outside has many health benefits. A recent study [...]

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